Critical financial documents

An article in the New York Time today reminds us all how important it is to have our financial act in order before a life-changing event occurs. We always advise clients to prepare a will, health care proxy and medical directive as part of our initial conversations with them. We’ve worked with numerous legal and estate professionals to tackle these tasks for clients. Without these documents, families can find themselves facing a morass of complex legal issues at the worst possible time.

In most cases, for young families, term life insurance and good disability insurance are cost-effective ways to ease the financial stresses of losing an income. We always evaluate these options as part of our comprehensive financial planning process with each client. Our regularly updated financial plan also contains a consolidated balance sheet to provide a view of all your financial assets and accounts in a single place. Such an accounting can make re-organzing your finances after a disaster much easier.